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EV batteries have a lifespan of 10 to 13 years, therefore bulk recycling of them is unavoidable even though they may not be ready yet. Businesses everywhere are already investing in recycling facilities to meet this demand.
Because it can prevent hazardous materials from entering the waste stream when a battery approaches the end of its useful life, the necessity for recycling EV batteries is growing rapidly (EOL).
Leading businesses are also developing unique recycling techniques to recover metals, minerals, chemicals, and chemical powders suitable for direct sales to batteries, such as direct recycling and cathode-to-cathode recycling.
The Turkey EV Battery Recycling Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Retriev Technologies, a lithium and cross-chemistry battery management and materials processor based in Lancaster, Ohio, Battery Solutions, a joint venture between The Heritage Group and Kibar Group, and Interaktif Cevre, have made plans to establish a battery recycling facility and a collection network in Turkey.
According to Retriev, the project will boost the expanding demand for electric vehicle (EV) recycling in Europe, Asia, and the Middle East and assist the manufacturing sector in meeting the EU Battery Directive’s standards.
According to Retriev, Turkey is developing as a competitive center for EV manufacturers, and as companies extend their global operations, they must find lithium-ion battery recyclers.
This new company, which puts a focus on electric vehicles (EVs), claims it will build a network of best-in-class facilities to support the demand for ethical, scalable, and effective battery recycling and processing across the continent. It aims to provide industry-leading services to the region’s large automotive industry.
The service options provided by Interaktif Cevre complement the experience and knowledge of Retriev Technologies & Battery Solutions in lithium-ion battery recycling. This new project is a logical expansion to utilize our current Interaktif Cevre platform through solid infrastructure, proven OEM agreements, and genuine knowledge in trash management and recycling.
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